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Bitcoin retreated below $80,000 on Monday as risk-off sentiment and concerns over the artificial intelligence trade weighed on cryptocurrencies. The asset fell as much as 1.4% to under $79,300 before trading around $80,000. Investors pulled $772.4 million from US-listed spot Bitcoin exchange-traded funds on Thursday and Friday.
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Summary by ByteBrief
Bitcoin Drops 3% as AI Fears Rise